This property has been taken off the market.

House For Sale Thorneylea, Rochdale, OL12

£65,000

1 of 5
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 17th April 2024

Description

SUMMARY
A ground floor studio apartment available For Sale as an INVESTMENT OPPORTUNITY.

This property currently has a TENANT IN SITU paying £475PCM, generating a gross yield of 8.77%.

The studio briefly comprises of an open plan living room / bedroom, separate kitchen with integrated oven/hob & washing machine and a bathroom with overhead shower.

As Martin & Co currently manage the Tenancy, we would be able to facilitate the smooth transfer of the property / tenancy to the new Landlord owner, including Martin & Co's Rent Guarantee & Legal Costs Cover should we retain management of the property. 

HALLWAY 3' 0\" x 8' 1\" (0.91m x 2.46m)
Neutral decor, carpet, UPVC door, storeroom 

LIVING ROOM AREA 9' 6\" x 9' 10\" (2.9m x 3m)
Neutral decor, laminate flooring, radiator, UPVC window 

BEDROOM AREA 8' 6\" x 9' 6\" (2.59m x 2.9m)
Neutral decor, carpet 

KITCHEN 6' 7\" x 6' 10\" (2.01m x 2.08m)
Neutral decor, a range of wall and base units, SS sink, vinyl flooring, UPVC window, integrated oven/hob and a washing machine 

BATHROOM 8' 3\" x 6' 6\" (2.51m x 1.98m)
Neutral decor, partially tiled walls, three piece bathroom suite with overhead shower, UPVC window, radiator 

LEASEHOLD INFORMATION 999 Years From 25 December 1982 of which there are 958 years remaining on the lease.

Service charge: £758.41 per annum.  

LOOKING TO SELL OR RENT YOUR PROPERTY?
At Martin & Co we have over 25 years' experience working with landlords, tenants, sellers, buyers and investors.

We have over 160 owner managed offices throughout the UK ready to help you let a property, rent a new home, buy or sell.

Don't take our word for it, let our actions convince you!!

Martin & Co Rochdale and Bury are licensed and regulated by The Property Ombudsman, ARLA and NAEA Propertymark for your peace of mind.

Please contact our office today to discuss your individual requirements, or to arrange a free no obligation valuation. 

NEED A MORTGAGE?
Why be restricted to your current or high street lenders rates?

Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.

Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)

One quick call could potentially save you thousands of pounds over the course of your mortgage.

Please remember, your home is at risk if you do not keep up with your mortgage repayments. 

RESERVATION AGREEMENT
Should you be successful in your offer to purchase the property and in order to place the property \"under offer\
Agent Details
Martin & Co - Dual
15b, Cheetham Street, Rochdale, OL16 1DG
Show Contact Number
01706 648 277

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£125,000
Rochdale, OL12
Terraced
9.8
£150,000
Rochdale, OL12
Town
6.6
£180,000
Rochdale, OL12
5.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested